iSAM Funds UK Ltd Acquires Shares of 10,376 Tempur Sealy International, Inc. (NYSE:TPX)

iSAM Funds UK Ltd purchased a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,376 shares of the company’s stock, valued at approximately $567,000.

Several other hedge funds have also recently modified their holdings of TPX. Darsana Capital Partners LP raised its stake in shares of Tempur Sealy International by 40.0% in the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Tempur Sealy International in the third quarter worth $73,981,000. Eminence Capital LP raised its stake in shares of Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after purchasing an additional 857,478 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Tempur Sealy International in the second quarter worth $37,278,000. Finally, Linonia Partnership LP raised its stake in shares of Tempur Sealy International by 17.1% in the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after purchasing an additional 548,004 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 0.4 %

Tempur Sealy International stock opened at $55.01 on Friday. The stock has a market cap of $9.55 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International, Inc. has a one year low of $45.04 and a one year high of $58.44. The stock has a fifty day moving average of $52.57 and a 200 day moving average of $51.04.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. Tempur Sealy International’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Raymond James decreased their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush upped their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.